Restaurants, ATMs, Several electronics and mobile phone stores in Russia, and Aeroflot, the biggest Russian airline, are now refusing to accept CREDIT CARDS in a move not seen since Russia's last financial crisis almost a decade ago.

U.S. economy suffered its sharpest contraction in 7 years in the third quarter as consumers cut spending and businesses reduced investment at the onset of what may be a severe and long-lasting recession. (You mean "Depression?")

the automaker is exceptionally rich and well positioned for the future. It has about $47 billion in liquid assets, the lowest manufacturing costs in its industry and global leadership in fuel-sipping hybrid cars such as the Prius.

The World Financial Crisis has hit Kuwait and one of the renowned Banks in Kuwait has stopped trading and possibly gone Bankrupt. Kuwait's government plans to guarantee deposits at local banks after the central bank was forced to step in to suppo

Throughout all of this, we see exhibited by those who presume the powers of omniscience and rational planning, a thorough ignorance not only of the causal factors that continue to produce our horribly disrupted world, but of the...

The Federal Reserve is poised to cut its benchmark rate for the second time in two weeks at a pivotal meeting in Washington on Wednesday, and the European Central Bank yesterday suggested that it would do the same next week.

Tokyo's Nikkei 225 index closed down 6.4 percent to 7,162.90 — the lowest since October 1982. The losses came despite a report that the government was considering massive capital injection into struggling banks

Asian shares fell on Monday, with Japan's Nikkei briefly hitting its lowest intraday level since 1982, as investors feared fresh moves expected from central banks this week will not be enough to stave off a deep global recession.
Trading was c

After a week of growing economic gloom and plunging stock markets, Asian and European leaders meeting in Beijing promised Saturday wide-ranging reforms while UN Secretary General Ban Ki-moon also called for quick change.

How would private coinage work? In the same way, we have said, as any other business. Each minter would produce whatever size or shape of coin is most pleasing to his customers. The price would be set by the free competition of the market.

Asian stocks tumbled for a third day Friday on persistent worries that a global recession will eat into corporate profits. Shares of Sony plunged more than 12 percent after it slashed its earnings forecast for the fiscal year.

Stock markets around the world suffered steep losses Wednesday, with the sell-off particularly strong in Latin America and Eastern Europe, as investors acted on worries that recession is setting in even if financial institutions are being stabilized.

Canada's currency dropped the most since at least 1971 as the U.S. dollar strengthened, crude oil fell to a 16-month low and speculation mounted the country's central bank would extend interest-rate cuts.

NEW YORK (MarketWatch) -- Gold futures tumbled 4.3% Wednesday to the lowest level in one year, while copper futures were set for their worst year since 1988 in a broad sell-off that was sending stocks and commodities sharply lower.